Jefferies Financial Group Issues Pessimistic Forecast for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its price target lowered by equities research analysts at Jefferies Financial Group from $305.00 to $288.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 24.05% from the stock’s current price.

A number of other analysts have also commented on EPAM. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Citigroup lifted their target price on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. Needham & Company LLC increased their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler lifted their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.84.

EPAM Systems Stock Up 1.3 %

NYSE:EPAM traded up $3.08 on Tuesday, hitting $232.16. The stock had a trading volume of 57,318 shares, compared to its average volume of 384,134. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50. The firm’s fifty day simple moving average is $239.16 and its two-hundred day simple moving average is $214.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The stock has a market cap of $13.17 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 3.37 and a beta of 1.50.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now owns 13,000 shares of the company’s stock, valued at $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the completion of the sale, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,222 shares of company stock worth $2,089,878 over the last ninety days. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc bought a new position in EPAM Systems in the fourth quarter worth about $35,000. Farther Finance Advisors LLC lifted its holdings in EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after buying an additional 106 shares during the period. Capital Performance Advisors LLP bought a new stake in EPAM Systems during the 3rd quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC purchased a new position in shares of EPAM Systems during the 3rd quarter worth approximately $52,000. Institutional investors own 91.58% of the company’s stock.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.